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MicroVision and WPG Holdings, the Number One Global Semiconductor Distributor, Enter Distribution Agreement for Asia

[September 13, 2017]

MicroVision and WPG Holdings, the Number One Global Semiconductor Distributor, Enter Distribution Agreement for Asia

MicroVision,
Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display and sensing technology, and WPG
Holdings (TSE: 3702) (WPG), the largest distributor of semiconductor
components in Asia, today announced that they have entered into an
agreement for distribution of MicroVision's line of PicoP® scanning
engines across Asia.

WPG will distribute MicroVision's engine products in China, Taiwan,
Japan, Korea, India and Southeast Asia through its subsidiaries AIT
Group, WPG Korea and South Asia. MicroVision has announced its plans to
have three different PicoP scanning engines in the market in 2017 and
2018: the first engine is available now for applications that benefit
from a small form factor display engine; the second engine, for which
development kits began sampling this quarter, combines projected display
with an interactive user interface that mimics the familiar touch screen
of a smartphone or tablet; the third engine is a 3D sensing solution for
mid-range LiDAR, and samples are expected to be available in the first
half of 2018.

"We are intrigued by the different scanning engine products MicroVision
is developing and impressed with the capabilities of PicoP® scanning
technology to support multiple applications from a common technology
platform," said Frank Yeh, Chief Executive Officer of WPG. "We see great
potential with this product line and are looking forward to introducing
this ground breaking technology to our customers across Asia."

"Bringing new technology to market requires strong partners, and WPG and
its subsidiaries have the leadership, regional presence and demonstrated
service level we were seeking in a distributor," said Alexander Tokman,
President and Chief Executive Officer of MicroVision. "As the number one
semiconductor distributor in Asia with trans-national services and
established customer relationships across the Asia regon, this
partnership with WPG can help us grow the market for our PicoP® scanning
engines."

WPG and its subsidiaries will provide sales and marketing and technical
support as well as distribution services. The agreement is effective
immediately.

About MicroVision

MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the laser
beam scanning methodology pioneered by the company. MicroVision's
platform approach for this advanced display and sensing solution means
that it can be adapted to a wide array of applications and form factors.
It is an advanced solution for a rapidly evolving, always-on world.
MicroVision's business model and product line offering includes display
and sensing engines, licensing its patented technology and selling
components to licensees for incorporation into their scanning engines.

Extensive research has led MicroVision to become an independently
recognized leader in the development of intellectual property.
MicroVision's IP portfolio has been recognized by the Patent Board as a
top 50 IP portfolio among global industrial companies and has been
included in the Ocean Tomo 300 Patent Index. The company is based in
Redmond, Wash.

MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.

Forward-Looking Statements

Certain statements contained in this release, including those using
words such as plans, expects or similar words and those relating to
shipping schedules, future product and product applications are
forward-looking statements that involve a number of risks and
uncertainties. Factors that could cause actual results to differ
materially from those projected in the company's forward-looking
statements include the following: our ability to raise additional
capital when needed; products incorporating our PicoP® scanning
technology may not achieve market acceptance, commercial partners may
not perform under agreements as anticipated, we may be unsuccessful in
identifying parties interested in paying any amounts or amounts we deem
desirable for the purchase or license of IP assets, our or our
customers' failure to perform under open purchase orders; our financial
and technical resources relative to those of our competitors; our
ability to keep up with rapid technological change; government
regulation of our technologies; our ability to enforce our intellectual
property rights and protect our proprietary technologies; the ability to
obtain additional contract awards; the timing of commercial product
launches and delays in product development; the ability to achieve key
technical milestones in key products; dependence on third parties to
develop, manufacture, sell and market our products; potential product
liability claims; and other risk factors identified from time to time in
the company's SEC (News - Alert) reports, including the company's Annual Report on Form
10-K filed with the SEC. Except as expressly required by federal
securities laws, we undertake no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.